8-KOther EventsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Aug 8, 2017)

Filed August 8, 2017For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on August 8, 2017, to announce a temporary suspension of trading under its employee benefit plan, specifically the Ameriprise Financial 401(k) Plan. This "blackout period" is necessary due to a change in the plan's recordkeeper, which will be effective on October 4, 2017. Investors holding AMP common stock within their 401(k) accounts should be aware that they will be unable to make changes, direct investments, or obtain loans/distributions during this period. The blackout period is scheduled to commence on September 27, 2017, and is expected to conclude on October 10, 2017. The company has notified participants and provided contact information for inquiries regarding the blackout period. Additionally, a separate notice regarding blackout trading restrictions was issued to executive officers and directors on August 8, 2017, with a copy of this notice attached as an exhibit.

Key Highlights

  • 1Ameriprise Financial is changing the recordkeeper for its 401(k) plan, effective October 4, 2017.
  • 2A "blackout period" will temporarily restrict participants' ability to manage their 401(k) accounts.
  • 3The blackout period is set to begin on September 27, 2017, and end on October 10, 2017.
  • 4During the blackout, participants cannot make changes to accounts, direct investments (including AMP stock), or process loans/distributions.
  • 5Company notification to participants and executive officers/directors regarding the blackout period occurred around August 7-8, 2017.
  • 6A specific notice (Exhibit 99.1) details trading restrictions for executive officers and directors during the blackout.
  • 7Contact information for inquiries about the blackout period is provided (Thomas R. Moore).

Frequently Asked Questions

The blackout period is a necessary measure implemented due to a change in the recordkeeper for the Ameriprise Financial 401(k) Plan. This transition requires a temporary suspension of trading and account activity to ensure a smooth and accurate transfer of data.

The blackout period is scheduled to begin on September 27, 2017, and is expected to end on October 10, 2017. During these dates, you will be unable to make changes to your account, direct investments, or process loans and distributions.

No, during the blackout period (September 27, 2017, to October 10, 2017), you will not be able to direct or diversify investments within your individual 401(k) accounts, which includes any Ameriprise Financial common stock held within the plan.

For information regarding the blackout period, including confirmation of the dates, you can contact Thomas R. Moore, Vice President, Corporate Secretary and Chief Governance Officer, at 1098 Ameriprise Financial Center, Minneapolis, MN 55474 or by phone at 612-678-0106. This information can be obtained free of charge.